Huntington National Bank lowered its holdings in shares of KKR & Co Inc (NYSE:KKR) by 63.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,276 shares of the asset manager’s stock after selling 2,175 shares during the period. Huntington National Bank’s holdings in KKR & Co Inc were worth $25,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in KKR. Vanguard Group Inc purchased a new stake in KKR & Co Inc during the 3rd quarter valued at $1,027,380,000. FMR LLC boosted its position in KKR & Co Inc by 4.6% during the 2nd quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock valued at $686,775,000 after buying an additional 1,202,775 shares during the period. Jackson Square Partners LLC boosted its position in KKR & Co Inc by 8,686.8% during the 3rd quarter. Jackson Square Partners LLC now owns 22,946,175 shares of the asset manager’s stock valued at $625,742,000 after buying an additional 22,685,031 shares during the period. BlackRock Inc. boosted its position in KKR & Co Inc by 1,718.7% during the 3rd quarter. BlackRock Inc. now owns 11,093,462 shares of the asset manager’s stock valued at $302,519,000 after buying an additional 10,483,481 shares during the period. Finally, Putnam Investments LLC boosted its position in KKR & Co Inc by 1.4% during the 3rd quarter. Putnam Investments LLC now owns 9,571,171 shares of the asset manager’s stock valued at $261,006,000 after buying an additional 134,121 shares during the period. 73.22% of the stock is currently owned by institutional investors.
In other news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.34% of the company’s stock.
KKR has been the subject of several analyst reports. Goldman Sachs Group cut shares of KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research report on Friday, January 4th. Oppenheimer set a $35.00 price target on shares of KKR & Co Inc and gave the company a “buy” rating in a research report on Thursday, October 25th. Argus raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price target for the company in a research report on Friday, October 26th. They noted that the move was a valuation call. Deutsche Bank dropped their target price on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, October 11th. Finally, Bank of America cut shares of KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.49.
NYSE:KKR opened at $23.74 on Wednesday. KKR & Co Inc has a 12 month low of $18.30 and a 12 month high of $28.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $12.63 billion, a PE ratio of 12.30, a P/E/G ratio of 1.54 and a beta of 1.66.
KKR & Co Inc (NYSE:KKR) last posted its earnings results on Friday, February 1st. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.95%. The firm had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $489.48 million. During the same period last year, the company posted $0.45 EPS. As a group, research analysts forecast that KKR & Co Inc will post 1.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Monday, February 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.50 annualized dividend and a dividend yield of 2.11%. KKR & Co Inc’s dividend payout ratio is 25.91%.
KKR & Co Inc Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.
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